Post by ianj on Jan 30, 2019 11:50:54 GMT
What if happens if the ISA were to be invalidated?
From HMRC.....
Some breaches of the (ISA) rules may affect both the investor and the manager because the ISA is invalidated by the breach.
Examples are:
. an oversubscription
. more than one-ISA-of-each-type-a-year, (cash or stocks and shares) subscribed to
. the investor is not otherwise eligible to subscribe (who can subscribe to an ISA)
Might interest then deemed as taxable, giving some importance to a Tax Statement?
From HMRC.....
Some breaches of the (ISA) rules may affect both the investor and the manager because the ISA is invalidated by the breach.
Examples are:
. an oversubscription
. more than one-ISA-of-each-type-a-year, (cash or stocks and shares) subscribed to
. the investor is not otherwise eligible to subscribe (who can subscribe to an ISA)
Might interest then deemed as taxable, giving some importance to a Tax Statement?
